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Capital gains tax: Is this part of your financial planning?

Menzies

Menzies LLP - A leading chartered accountancy firm. Capital gains tax (CGT) has traditionally been a tax that most people could ignore. However, as has happened with higher rate tax, the reach of CGT has been growing and will extend further over the next few years. What can you do? What can you do?

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Autumn Statement – Although investors and companies might have wished for more, the markets react calmly

Menzies

Menzies LLP - A leading chartered accountancy firm. The lack of clarity about whether the Energy Price Guarantee for companies will continue beyond the start of April and the decision to freeze the National Insurance Contribution (NIC) secondary threshold for employers until April 2028, have been seen as negatives.

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Investing in Warehouses of the Future – Important Considerations

Menzies

Menzies LLP - A leading chartered accountancy firm. However, transformation comes at a significant cost and feasibility will need to be investigated with consideration of both available tax reliefs and timing of investments. What tax reliefs are available for Warehouse of the future projects?

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ISAs & Pensions Compared

Menzies

Menzies LLP - A leading chartered accountancy firm. Pensions and ISAs both offer tax advantages and form the foundation of any investment planning. The benefits of both types of investment increase as an individual’s marginal rates of tax rise. The maximum investment into an ISA is a straightforward £20,000 per tax year.

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Increase in National Insurance Contributions on the Way

Menzies

Menzies LLP - A leading chartered accountancy firm. In the 2022 autumn budget, Jeremy Hunt confirmed NIC thresholds would freeze until April 2028. National Insurance Contributions (NICs) have been the subject of every budget announcement this year. Introduction. NICs were reduced back down by 1.25% as of November 2022.

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Basis Period Reforms – Do you have sufficient funds?

Menzies

Menzies LLP - A leading chartered accountancy firm. The basis period reform will not affect businesses with accounting year ends to 5 April or 31 March. In the transition year, HMRC are asking for tax ‘up front’ on the profits arising in the period from the accounting year end to the end of the tax year.